US Treasury Secretary Scott Bessent on Monday announced a new wave of sanctions against Iran and its "enablers", towards what he described as an "asphyxiation of this regime" amid the standoff in the Strait of Hormuz.

Bessent warns nations that ignore the sanctions and help Tehran will 'share in the isolation,' but holds off on announcing secondary sanctions against China, others

US Treasury Secretary Scott Bessent says Washington aims to 'sever every economic lifeline' that sustains Iran.

United States Treasury Secretary Scott Bessent announced a new sanctions campaign targeting Iran. He warned all countries have a defined timeline to cease identified activities. …